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2025-01-16 03:17:00 pm | Source: Accord Fintech
LT Foods rises on incorporating step-down subsidiary company

LT Foods is currently trading at Rs. 402.80, up by 2.30 points or 0.57% from its previous closing of Rs. 400.50 on the BSE.

The scrip opened at Rs. 405.00 and has touched a high and low of Rs. 406.30 and Rs. 400.45 respectively. So far 9847 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 451.00 on 10-Dec-2024 and a 52 week low of Rs. 160.05 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 414.65 and Rs. 380.60 respectively. The current market cap of the company is Rs. 13950.89 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 15.20% and 33.80% respectively.

LT Foods has incorporated a Step-Down subsidiary company of the company which will be the wholly owned subsidiary of LT Foods Holdings ME (Subsidiary of LT Foods) in the name of ‘LT Foods Middle East LLC’. The object of incorporation of subsidiary company is to expand and strengthen its presence in Middle East.

LT Foods is a branded specialty foods company. It is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in the domestic and overseas market.

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